![]() ![]() These practices at the end of the 17th century were so common that in 1696 a stock of old silver coins turned into the treasury for reminting with a nominal face value of 4.7 million had a metal value by weight of only 2.5 million leaving the Crown to absorb an irredeemable loss of 2.2 million. Sweating tended to wear the coin in a more natural way. Sweating - shaking the coins in a leather bag and collecting the dust worn off - was also done. The practice of scraping precious metal from the face and reverse of coins was called shaving, while removing metal from the edge was called clipping. In history as an example of why weight is important, beyond the loss due to normal wear, silver coins were sometimes shaved, clipped, or otherwise purposely debased by criminal elements in society. ![]() However as mentioned some middlemen may simply not use weight for their pricing and only use things like face value (think junk silver) to set their buy/sell pricing. Yes the melt value is less if silver is worn away because the weight would be less and so pricing SHOULD BE calculated by weight. ![]()
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